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If everyone sells their currency to but dollars, the currency loses even more value faster compared to dollars, so currency controls are put in place, like Arge
by smnrchrds 4y ago
If everyone sells their currency to but dollars, the currency loses even more value faster compared to dollars, so currency controls are put in place, like Argentina did for a while:
https://en.wikipedia.org/wiki/Argentine_currency_controls_(2011%E2%80%932015) https://en.wikipedia.org/wiki/Argentine_currency_controls_(2...
- GFischer 4y agoWhat do you mean "for a while", Argentina has currency controls TODAY. https://www.bloomberg.com/news/articles/2021-11-25/argentina-limits-banks-daily-holdings-of-cash-in-dollars https://www.bloomberg.com/news/articles/2021-11-25/argentina...
- smnrchrds 4y agoIt used to have currency controls. It still does, but it used to too.